Best 7-Year Registered GIC Rates

Rates subject to change, updated: September 26, 2017 1:59 PM

If you want to invest in a registered savings deposit, but don’t know where to start, you may want to consider one of the many registered GICs that exist today. We shop all financial institutions, so you can compare all the best registered GICs in Canada. Find the registered GIC product that best serves your needs and we’ll help you open it.

Did you know that rates differ significantly between financial institutions, and within the various channels / methods where you purchase? Browse our Education Centre to learn about the GICs that best suit your saving needs.

About Laurentian Bank

Laurentian Bank is a Canadian bank based in Montreal. With 150 branches in Quebec, the bank has one of the largest retail branch networks in the province. Laurentian Bank provides various financing and mortgage products within its personal banking line of services. Moreover, companies can also get business banking services from Laurentian.

Laurentian Bank’s GIC rates

Laurentian Bank offers non-registered guaranteed investment certificates (GICs), which can be purchased with a minimum investment of $500. If you choose to purchase a GIC from Laurentian Bank, you’ll be able to select a term as short as 30 days to as long as 10 years. For investment periods of less than one year, the interest you earn will be paid out to you on the maturity date of the GIC. For terms of two years or more, you’ll have the option to receive your interest payments either monthly, quarterly, semi-annually, or annually. However, these options aren’t be available for GICs purchased in a registered retirement savings plan (RRSP).

Compare other Laurentian Bank products

While Laurentian Bank doesn’t offer cashable GICs, the bank does offer a number of other personal banking services. It provides credit cards, personal loans and lines of credit, RRSP loans, and also both fixed- and variable-rate mortgages. If you’re interested in other investment products, you can also buy mutual funds or use Laurentian Bank’s discount brokerage.

Get the best GIC rates

When selecting the GIC options that are suitable for your needs, you can compare Laurentian Bank’s GIC products with those from other providers. By doing so, you can make sure you can get the GIC that’s right for you. To start your search, try our GIC comparison tool
which compares GICs based on type and term length.